Odaily Planet Daily reports that Trump Media has transferred 2,628 bitcoins to Crypto.com, valued at approximately $165 million, leaving around 4,261 bitcoins in the marked wallet, close to the amount of its convertible note collateral. Previously, Trump Media purchased 11,542 bitcoins for approximately $1.37 billion, near market highs. Since then, it has transferred out 7,281 bitcoins, with on-chain analysts estimating an realized loss of about $318 million and an unrealized loss of approximately $237 million. Trump Media’s first-quarter revenue was $871,200, with a net loss of $405.9 million. The company has not yet specified whether the latest transfer constitutes a sale or a custodial movement; the distinction will be clarified in its upcoming second-quarter 10-Q filing.
Trump Media transfers $165 million in Bitcoin, with remaining holdings near loan collateral levels
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Summary
Trump Media transferred 2,628 Bitcoin (approximately $165 million) to Crypto.com, according to Bitcoin news sources. The remaining 4,261 Bitcoin in its wallet are near the collateral threshold for convertible notes. The company purchased 11,542 Bitcoin for $1.37 billion and has since moved 7,281 coins. Bitcoin analysis reveals realized losses of $318 million and unrealized losses of $237 million. Q1 revenue was $871,200, with a net loss of $405.9 million. The company has not yet disclosed whether the transfer was a sale or a custody relocation. Details will be included in the Q2 10-Q filing.
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